Hong Kong dollar egyptian pound exchange rate history (HKD EGP) December 2023

Hong Kong dollar egyptian pound history for December 2023. The highest quote for this month is 3.9722 (18/12/2023) and the lowest 3.9604 (16/12/2023). The difference between high and low is 0.3.

HKD EGP average rate for December 2023 is 3.95201, the change between 01/12/2023 and 31/12/2023 is -0.03 %.

01 December 2023	1 HKD = 3.953 EGP
02 December 2023	1 HKD = 3.945 EGP
03 December 2023	1 HKD = 3.948 EGP
04 December 2023	1 HKD = 3.940 EGP
05 December 2023	1 HKD = 3.954 EGP
06 December 2023	1 HKD = 3.935 EGP
07 December 2023	1 HKD = 3.959 EGP
08 December 2023	1 HKD = 3.953 EGP
10 December 2023	1 HKD = 3.951 EGP
11 December 2023	1 HKD = 3.945 EGP
12 December 2023	1 HKD = 3.957 EGP
13 December 2023	1 HKD = 3.956 EGP
14 December 2023	1 HKD = 3.952 EGP
15 December 2023	1 HKD = 3.958 EGP
16 December 2023	1 HKD = 3.960 EGP
17 December 2023	1 HKD = 3.963 EGP
18 December 2023	1 HKD = 3.961 EGP
19 December 2023	1 HKD = 3.961 EGP
20 December 2023	1 HKD = 3.961 EGP
21 December 2023	1 HKD = 3.955 EGP
22 December 2023	1 HKD = 3.954 EGP
23 December 2023	1 HKD = 3.949 EGP
24 December 2023	1 HKD = 3.949 EGP
25 December 2023	1 HKD = 3.951 EGP
26 December 2023	1 HKD = 3.949 EGP
27 December 2023	1 HKD = 3.942 EGP
28 December 2023	1 HKD = 3.940 EGP
29 December 2023	1 HKD = 3.954 EGP

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Hong Kong dollar Egyptian Pound